Diamond Geezer - Now That's the job to have!!

Multi-millionaire banker Bob Diamond has been named as the next chief executive of banking group Barclays.

Mr Diamond, who is estimated to be worth £95 million, will take over from John Varley after the incumbent steps down on March 31 next year, the bank announced.

Mr Diamond will receive an annual salary of £1.35 million, up from the £250,000 he has received every year since 1999, with a potential annual bonus of up to £3.375 million. He will also be entitled to long-term performance-based incentive shares worth £6.75 million next year.

Mr Diamond will receive an annual salary of £1.35 million, up from the £250,000 he has received every year since 1999, with a potential annual bonus of up to £3.375 million. He will also be entitled to long-term performance-based incentive shares worth £6.75 million next year.